DXY 1M: RoadMap to 93-89

6 Dis 2023

in the Yearly Analysis we find that DXY will visit the area 93-89.

in this Idea I put the RoadMap to 93-89 area.

7 Dis 2023

Nota

Following our analysis of the yearly frame, we now delve deeper into the current correction wave, which is expected to lead us to the 93-89 area:

1. Current Correction Wave Structure:
* The wave is following a 3-3-5 formation.
* Waves A and B have been completed, and we are now transitioning into the formation of Wave C.

2. Detailed Breakdown of Wave C:
* Wave 1: Expected to conclude around 101, a figure derived from the 1W analysis.
* Wave 2: Projected to be in the 104-105 range.
* Wave 3: Anticipated to drive us downward, touching the lower bound of the ascending channel.
* Wave 4: Likely to oscillate between 98-100.
* Wave 5: Set to take us to the targeted area of 93-89.

Critical Failing Point:
A significant cautionary indicator would be if the DXY moves above the end of Wave B, particularly surpassing 107.5. This development could invalidate the current analysis and necessitate a re-evaluation.